I received an email this week from advertising representative from a payday advance loan company asking me if they could advertise on my company’s site. My company, Dollars & Sense Education provides personal finance education in the workplace. Payday loans are predatory loans that prey on unsophisticated people with little to no financial education. This would be equivalent to Marlboro asking the American Cancer Society to advertise on their website. I sent them a scathing email.
Just like smoking, I know the consumer bears alot of the blame. But these companies make a living from putting people into financial ruin. At least packs of cigarettes coming with a warning label.